April marked the global market’s largest year-to-year growth since September 2010.
World Semiconductor Trade Statistics (WSTS) forecasts market growth of 11.5% in 2017 and 2.7% in 2018, followed by a slight decrease of 0.2 percent in 2019.
“The global semiconductor market has grown at an impressive rate through the beginning of 2017, culminating with April’s year-to-year growth of 21 percent, the global market’s largest increase in nearly seven years,” says SIA CEO John Neuffer, “although driven in part by tremendous growth in the memory market, sales of non-memory products also grew by double digits in April, and all major regional markets posted substantial year-to-year gains. The global market is projected to experience significant annual growth this year, with slower growth expected next year and roughly flat sales in 2019.”
Regionally, year-to-year sales increased in China (30%), the Americas (26.9%), Asia Pacific/All Other (14.1%), Europe (12.7%), and Japan (12%).
Compared with last month, sales were up slightly across all regions: Asia Pacific/All Other (2%), the Americas (1.8%), Japan (1.4%), China (0.7%), and Europe (0.5%).
WSTS forecasts sales of $377.8 billion in 2017.
This would mark the industry’s highest-ever annual sales, an 11.5% increase from the 2016 sales total.
WSTS projects year-to-year increases across all regional markets for 2017: Asia Pacific (12.4%), the Americas (12.2%), Europe (8.7%), and Japan (6.6%).
Beyond 2017, growth in the semiconductor market is expected to slow across all regions.